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The cannabis CEO behind a $2.1 billion sale bets again, but smaller
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Scotts’ Hawthorne marijuana grow sales plummet 63% in latest financial quarter
Scotts Miracle-Gro’s Hawthorne unit took another big hit in the company’s fiscal quarter ended July 2 because of continued oversupply in the softening marijuana industry.
News August 3
Canadian growers destroyed a record 425 million grams of cannabis last year
Canadian licensed producers have destroyed a growing amount of cannabis every year since adult-use legalization nearly four years ago, with 2021's record quantity far exceeding the product sold that year,…
News August 3
Massachusetts lawmakers approve raft of marijuana reforms
The Massachusetts Legislature approved a series of marijuana industry reforms in a bid by lawmakers to lower barriers to entry for small and minority-owned businesses, jump-start consumption lounges and decrease…
News August 2
Fewer British Columbia cannabis users buying from illicit stores, survey shows
Significantly fewer cannabis consumers in the Canadian province of British Columbia report buying marijuana from unlicensed stores since legalization, according to a new survey.
News August 2
Oklahoma imposes two-year medical marijuana license moratorium
Oklahoma is enacting a nearly two-year moratorium on new medical marijuana grower, processing and dispensary licenses, beginning Aug. 26, in efforts to catch up with a backlog of work and…
News August 2
Cannabis REIT NewLake expands credit facility from $30 million to $90 million
NewLake Capital Partners, a cannabis industry real estate investment trust (REIT), expanded its five-year revolving credit facility by $60 million to $90 million.
News August 2
Changes to Maryland’s medical marijuana program could boost sales
Maryland regulators have made changes to the medical marijuana program that make it easier for patients to renew their medical marijuana IDs and reduce the cost of the cards, which…
News August 2
California cannabis consumption lounges poised for takeoff
The long-awaited debut of sit-down cannabis consumption lounges throughout California appears to have arrived, and industry experts predict these venues will expand exponentially in the next few years.
News August 2
Pennsylvania medical marijuana grower plans to sue state after layoffs
A medical marijuana grower in Pennsylvania that laid off almost half its staff is planning to sue the state over what it alleges are anti-competitive business practices allowed by regulators.
News August 1
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